Tata Motors gross sales up 82% in June
Homegrown auto main Tata Motors Ltd on Friday reported an 82 per cent improve in whole home gross sales to 79,606 models in June 2022.
The firm had posted a complete home gross sales of 43,704 models in the identical month final yr, Tata Motors mentioned in a press release.
Domestic passenger automobile (PV) gross sales additionally grew 87 per cent to 45,197 models in opposition to 24,110 models within the year-ago month, it added.
In the primary quarter of 2022-23, PV gross sales had been at 1,30,125 models in comparison with 64,386 models within the year-ago interval.
“Demand for passenger autos continued to remain sturdy in Q1 FY23 whilst the availability facet remained reasonably impacted as a result of lockdown in China.
“Our SUV portfolio contributed 68 per cent of Q1 FY23 sales. Electric vehicle sales attained new heights with quarterly sales of 9,283 in Q1FY23 and highest-ever monthly sales of 3,507 units in June 2022,” Tata Motors Passenger Vehicles Ltd and Tata Passenger Electric Mobility Ltd Managing Director Shailesh Chandra mentioned.
Going ahead, he mentioned, “We expect the supply side, including that of critical electronic components, to progressively improve. We will continue to keep a close watch on the evolving demand and supply situation and take appropriate actions”.
Commercial automobile (CV) gross sales within the home market stood at 34,409 models final month in opposition to 19,594 models in June 2021, a development of 76 per cent, Tata Motors mentioned.
In the primary quarter of FY23, home CV gross sales stood at 95,703 models over 43,400 models within the comparable interval final fiscal.
Tata Motors Executive Director Girish Wagh mentioned, “The growth in Q1 has been broad-based across regions and segments”.
Increased exercise in street building, mining, and development in agriculture and e-commerce drove the expansion of each medium, heavy, intermediate and lightweight CV segments.
“SCV (small commercial vehicle) demand from last-mile distribution has remained robust backed by continued consumer spending,” Wagh added.
